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. >>> fueled by a weaker yen and strong sales of cameras in the u.s. >>> and shares in virgin media rally after an offer for a takeover that could value the uk cable operator at $20 billion. >> all right. welcome to tuesday. >> it's get together tuesday. coordinated, as well. >> the final print for the eurozone is finally come in, 48.6, a little better than the forecast of 48.2. >> may i just say, though, the employment index, look at that, 46.1, which is just barely better than the flash estimate but still the lowest since december 2009. on a downward trajectory. it's not germany where the final composite was 54.4. it's the periphery still. france's final january pmi falls to 46.1. >> france is where the concern is. we have francois hollande today speaking to the eu parliament. he's going to lay out his vision for the eu against that economic back drop. >> isn't it amazing? we come into the week yesterday with everyone still talking. you have that great barons cover, you come in, just get the risk trade massively off. and the question for today and the rest of the week is frankly whether that'
used to talk about the philosopher kings. geeks have no interest in power. the only power we're interested in is low-power consumption and longer battery life and low prices so we can stay up later at night. geeks may inherit the earth, but they have no desire to rule it. >> in a poll reported by harris interactive in december of 2010, 45% of the people surveyed said that they would rather do household chores than to try and fix their computer or digital devices on their own. in the electronic age, it continues to be good to be a geek. that's this edition of 60 minutes on cnbc. i'm steve kroft. thank you for joining us. captioning by captionmax www.captionmax.com [ticking] >> even though there's a total embargo in this country against any trade with iran, iran still gets high tech materials and components for a variety of weapons from right here in the u.s.a. this man set up a trading company in philadelphia. you are charged with trying to buy a centrifuge that could be used to make biological weapons, like anthrax. >> yes. that's what they say. >> do you know how much money
liesman. also at the table with us this morning, our guest host is andy surel. andrew just talked about the markets. stocks ending at session lows yesterday. in fact, all ten s&p sectors closed lower. yet the bulls betting this is nothing more than a bull pac. but we will have a number of powerful investors for their thoughts throughout yao the morning. jim o'neill will join us in just a few minutes. then in the next half hour, the man charged with making sdigs for how blackrock invests more than $1 trillion, the firm's chief investment strategist, russ koesterich. nouriel roubini will be joining us and we're going to ask him for his current view of the world. in the following hour, buy and hold is the name of his game, barons capital ceo ron baron will be our special guess. he's been talking to us about how great of an opportunity stocks have been. we'll see if he's still feeling that optimistic now that stocks have reached 14,000 or close to it. >>> how majority leader eric cantor is set to address a major policy issue today. the goal here is trying to rebrand the gop. moving on, befo
, this was very important for us to stay in positive risk environment. >> hans, we're seeing the response to the upside now. second highs, 1.32. are you sticking by your thoughts that it is still heading towards 1.30? >> we have to make it clear that in the next quarter or two the euro has upside potential and not downside potential. then the longer prospect for the euro is still very swb very negative. why is this euro overshoot taking place? it has a lot to do with the increasing negative correlation with the yen. so the euro is the anti-yen. that implies that when we were seeing the yen coming under selling pressure, japanese investors, where are they currently investing? investors are investing in fixed income. in many cases, very little yields left so that actually means the peripheral of europe sticks out. you need to have some preconditions. the most important, the yen has to stay weak, but secondly we should not run into any politically motivated problem with the euro. that would be a killer for that type of trade. >> and on that note, the european commission today is due to relea
is cleared for takeoff. reports say the boards at amr and us airways sign off on their $11 billion deal to create the world's biggest airline. >> announcer: you're watching "worldwide exchange," bringing you business news from around the world. >> all right. you're wearing an appropriate valentine's day shirt. >> i am. i tried. there's a little bit of pink if we look at your tie very closely. if you want to know what's happening in the markets today, hold on, ubs, the valentine's day gdp's massacre. >> yes. >> because if you look at when it's japan shrinking at an annualized rate, germany coming in on quarter on quarter, france coming in -- well, we know they had a recession earlier in the year, as well. minus 0.9% on the quarter been minus 2.7 on the year. >> oh, that's brutal. >> it's the sixth consecutive contraction and that match tess recession of 1992 to 1993. the minus 0.9, it was forecast at minus 0.6 is the slash gdp. >> and italy has been down 2.7% on the year, but this is something in the range of almost a 4% annualized drop until the year from a year earlier. >> the massacre
. siemens. answers. >>> it is time for final trade time. pete, kick us off. >> bank of america ready to break out and get towards 13. >> mtw, construction trade, i ththe going to continue to move. >> steve weiss. >> qualcomm, running a sale, time to get it if you don't own it. >> that does it for us live goldman tech conference in san francisco. "power lunch" starts now. >> hello. welcome to "power lunch." michelle caruso-cabrera. in for sue and tyler. apple ceo tim cook making big headlines. the fight with hedge fund manager david einhorn and cannibalization of the company's product. more on that fallout. >> also mead china factor, las vegas rolling out red carpet for chinese new year tourist, which casino stock stands to win big. >> "sports illustrated" swimsuit edition hits news stands today. i bet you already knew that. supermodel kate upton on the cover for the second year running. she's going to join us live here on "power lunch." we don't want to miss that. >> in the meantime, let's check the markets. we have dow 14,000 and climbing as things stand at the moment, apple is wei
's will close its structured capital markets business and focus on investing in britain, u.s. and africa. they also posted earnings for 2012, down 6 million pounds versus 5 million last year due to a reduction in the value of the bank's debt along with situation payments for the selling of financial products. barclay's rate dividend to 6.5 shares for 2013 is off to a fairly roam start. joining us first is oliver ralph, financial times lex writer. oliver, thank you so much, indeed, for joining us. what do you make for what you've heard from anthony jenkins this morning? they're obviously trying to say it's going to take time, we're trying to restore our reputation. is it the right thing? >> yeah, it is the right thing. they've launched the business. the core of the bank remains the same. london investment bank and new york investment bank. the core of the bank remains the same. they're making changes around the area and the core of it is as it was. >> talk about the investment bank in particular. this has been the place where not just barclay's, but a lot of the competitors, too, try and
that the fed themselves have used the term. that has big im mrications for the lid quiddity of the market. on tech, it's certainly a story about one name over the last year, but you're beginning to see that broaden out. .i think that's a very good thing, but it's going to be a stock by stock story. i think that's exciting for investors. >> dean, what do you think about that, that whole idea with the race to the bottom with the central bank? is that something to worry about now or another year or two down the road? >> yeah. we spent a lot of time looking at volatility and currencies has been one place where even as the vix sags to 12, you've had this very, very healthy volatility specifically in the yen and then you have the central bank starting to talk about currency wars and korea has said something. of course, in europe, for all the talk of draghi's whatever it takes language, that riegz euro is not exactly great for them from a trade standpoint. you've seen the euro/yen collapse from a pricing standpoint. if you look at the vision and you look at the volatility in the markets right no
this carney testimony? joining us is sophie wynn. how much expectation is built into the pound ahead of this? the expectation is he's going to come in and be fairly dovish. it's a risk that he isn't and, therefore, the pound strengthens. >> we think that the market may be disappointed with the announcement. we don't think we are going to hear anything radical on this statement by the upcoming governor. >> why? >> well, basically, i think, you know, the expectations are that the ecb is going to go for a nominal gdp target at least for some time. and we think the risks are too much for them to -- for the government to pursue these sort of bodies. he will entertain -- before going for this. >> the bank of england will be under some pressure. currencies don't act in a vacuum. so as we see other potential moves to weakening currencies around the globe, we're at 1.5668. where might this pair be headed, then, if you're not expecting carney to come in and immediately talk or wind up having effective currency lower? >> we think the guarantee should weaken readily. we don't think the currency will be,
it. it take us four years to get panama and south korea done. it was on the bush table. it took four years to negotiate and we didn't get anything else new. those trade agreements would do all kinds of things for exports. >> are you at all nostalgic about -- ge out of nbc and comcast is running it well. >> comcast has done a great job. look, the market said good for both companies. the market said comcast got a great bunch of assets. ge has more cash to do things with. time and men's fortunes change. you go with the flow. >> every time they do a deal, they say it's great for both parties. stock goes up in one case and down in the other. ge is in one, can use the money, comcast in another and actually worked. >> worked out well. comcast has a great set of assets now a ge has cash to invest in what they want to do. we all do it differently in our times. >> jack, we love you, on valentine's day especially. >> happy valentine's day. >> merger thursday with all these deals. huge day on wall street. almost $100 million in fees for the banks. center view bank. >> make sure you join us tomor
? >> there's millions of us out there. >> everybody, let's hear it! geek squad! [cheering] >> welcome to 60 minutes on cnbc. i'm steve kroft. in this edition, we take a look at technology. we examine how breaches in digital security threaten everything from weapons systems to bank accounts. plus, we meet the mr. fix-its of the geek world. we begin with electronic sabotage. nothing has ever changed the world as quickly as the internet. in less than a decade, the pentagon's warning that it might be possible for a computer hacker to disable critical infrastructure in a major city and disrupt essential services has actually happened. other online attacks have seen millions of dollars stolen from banks and defense systems infiltrated. it's why, as we first reported in november of 2009, some people are already saying that the next big war is less likely to begin with a bang than a blackout. >> can you imagine your life without electric power? >> until february 2009, retired admiral mike mcconnell was the nation's top spy. as chief of national intelligence, he oversaw the central intelligence agen
for joining us on "street signs." hope to see you same time tomorrow. "closing bell" is next. >>> hi, everybody. we enter the final stretch. once again welcome to the "closing bell." i'm maria bartiromo at the new york stock exchange. history could be in the making in this final hour of trading. >> you think? >> no. >> i don't either. >> but we may be the wall of worry. >> it could be. >> i'm bill griffith. the dow knocking on the door of a new all-time high. was a lot higher earlier. we have to write this down now, 10, -- no, that's not right. 14,164 and change in order to be at an all-time high. we all know how stocks move in this final hour. it's the most important hour of the trading day so do not move an inch from your television screen. >> and the reason that i think that we won't do it, both think we won't do it today, is because there was selling going into the final hour, and there was sell imbalances but we'll see about that. up 35. special coverage planned for the next two hours, including an exclusive interview coming up with frederick oudea. he'll talk with us about the
you this earnings season. i wanted to offer you a new way to use earnings season, to put it in perspective, because most of you watching the show are not these day traders that i think really hijack a lot of the thinking. you're not trying to game a given quarter. it's become so difficult to predict, and often the initial moves aren't even accurate because of the press coverage or because something nasty occurred in the overall market because of europe or something involved with the election. in other words, other than those who are shorting or going long stocks ahead of the quarter, these earnings reports need a context to make you money. they can't be relied upon anymore because they aren't as predictive of future behavior as they once were. they are a piece of the puzzle, a part of the mosaic, but they are only one of many important parts of what predicts where a stock will go over the intermediate term. that tends to be the focus that i teach on the show. and it is a teaching show because i want you to know the metrics i'm using to pick stocks i talk about and recomme
, denying the reports. and countering it was the victim of u.s. hacking. >>> and the bulls are back from a three-day weekend. can the s&p 500 post an eighth straight week of gains? we've got four days to find out. it's tuesday, february 19th, 2013. "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin who is back from vacation. let's get started with the markets. as joe mentioned, the s&p winning streak has been a strong one. in the meantime, the dow is coming off a second straight weekly loss. although, really, if you looked at this last week, it was the ever so slightest of losses. u.s. equity futures are indicated higher. dow up by 21 points. s&p is up by two points above value fair and the nasdaq is up about 3. in 20 minutes, we'll turn to predictions on where the markets go from here. then in the next hour, delivering alpo. we'll talk to the manager of a $11.5 billion hedge fund. this fund was up 30% last year. don't miss pine river's ceo brian taylor. on our radar this morning,
to be covering jobs in the market. vince reinhart will be joining us. and what is a jobs friday without a little shot of rock and roll? kansas is celebrating 40 years in the music business. it has been a very changed scene over those 40 years. we have the founding member, drummer and band manager phil e. hart. andrew, obviously, we have it all today. we do, we do. it's great to see you, becky. joe mentioned stocks are off to a very strong start this year. if you believe in the january barometer, it's a great sign for the bulls. the theory satsdz that the s&p direction in january sets the tone for the next 11 months. the s&p ridesing more than 5% for this january. the transports, by the way, even stronger with a more than 9% gain. the nasdaq also positive, up 4%. here are a few stats of note that are worth thinking about. it was the best month for the dow industrial transports and s&p 500 since october 2011. the best january for the dow industrials since 1994. it's the strongest start to the year for transports since 1991 and the largest january returns for the s&p 500 since 1997. professor jerem
. >> that's why you're a veteran trader on the floor of the stock exchange. thanks for joining us. this will be the first close above 14,000 since february 1st. more on that and, plus, what's going on on carnival cruise lines? i'll see you tomorrow. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to the "closing bell." take a look at how we're set lipping out on the street today. after a pretty good rally in stocks. nasdaq was under pressure dow up about 47 points. that's off the best levels of the afternoon, and volume really underwe underwhelming today. nasdaq down five points and ath big problem there showing another decline on the session, and the s&p 500 up just a fraction. two and a half points higher. now that we've closed above the five-year high of 14,000, where now? is a new all-time high in the cards this week? my guests join me. thanks for joining us. >> thank you. >> let me kick you off to would. would you put new money to work after these levels? >> i would put new money to work. long-term investors can be dollar-cost a
kernen and becky quick are reporting. i don't know if i use that word lightly, but from pebble beach in california this morning. we're thrilled to see them. they're going to be talking to a number of people in the world of business and politics. we'll talk a little golf, see how joe is doing out there. joining me in pseudo, our own steve liesman and book brusca. then in the next hour, jeremy siegel is going to join us on set to make his bullish case for the numbers and then, nemo, the powerful storm taking aim at the east coast. forecaster res warning it could be among the worst ever, more than two feet of snow possible in boston. many cities are telling residents, don't travel if you don't have to. airlines are now warning the blizzard could cripple travel and hundreds of flights have already been canceled. we're going to check in one on friends at the weather channel. just a couple of minutes for their latest forecast. also in the news, the justice department in multiple states reportedly discussing suing moody's for defrauding investors. any move likely to make a similar rival aga
you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ >>> brian, this will make you go hmm. more than 100 years after the sinking of the titanic a billionaire tycoon is planning to build "titanic 2." this will be an exact replica of the doomed ocean liner. 40,000 people have already registered for the tickets. what do you think, brian? would you do it? >> i'd do it. why not? >> why not. >> okay. let's take a look at markets real quick. 100 points away from an all-time close. thanks for watching "street signs." >> see you tomorrow. >> hi, everybody. what a week. welcome "closing bell." i'm maria bartiromo at the new york stock exchange. this market off to the races yet again. up almost 200 points right now. >> great to have you back. i'm scott wapner. bill griffith back tomorrow. on today's "closing bell" the march to new all-time highs shifting into high gear. more good news on housing and more signs that fed chairman ben
on this post-super bowl wrap-up day. steve liesman, we'll see you tomorrow. join us tomorrow. "squawk on the street" starts right now. >>> good morning. welcome to "squawk on the street." i'm carl quintanilla, with melissa lee, jim cramer. david faber is off. signs of reemerging political turmoil, both in spain, and in italy making investors a little bit reluctant to press the button for the upside. it comes after the dow did top 14,000 on friday for the first time in more than five years. look at europe, that's where the story's going to be for most of the morning before we close at 11:30 eastern time. germany taking it down 1,100 points as well. asia got action as well as china. nonmanufacturing came in better than expected. clearly the story is going to be in europe for most of the morning. >> we've certainly seen a flight to safety take place this morning, as we've seen the bond yields, particularly the spanish 10-year bond yields blowing out overnight. we're seeing bids higher today. german bonds also higher. the 10-year yield in the united states, back below 2% at this point. >>
talk to them, they're going to paint a picture for us, we're going to turn to two powerful investors for insight into what the conversation in washington means for the broader markets. cowen and company ceo jeff solomon will join us, and the bond king, bill gross. first, steve will bring us up to speed on the morning's top stories. steve? >> thank you, michelle. disney posting better than expected earnings and revenues after the bell. the company says it expects the next few quarters to be better on a stronger lineup of films and growing attendance at its theme parks. ceo bob iegory was on cnbc's "closing bell." >> you had a lot of ins and outs. basically, the trendser good. we had strong results at our domestic parks. the bookings have been pretty solid. advertising was okay. and generally speaking, our business performed well. and our interactive media group was profitable for the quarter. that's the first time the group has been profitable since we've been breaking it out. >> shares rising on the news late yesterday. up 39 cents, 0.72%. we'll talk more about disney with barclay's
're seeing red arrows on the board. most notably the euro hitting a one-week low against the u.s. dollar. in asia, china up eighth straight session. nikkei highest level since september of 2008. disney set to open at record highs. strength in media networks. word that it's planning films based on "star wars" characters. >>> zynga, revenues continue to fall and the social gaming company said 2013 would be profitable. >>> company seeing momentum in america's improvement in europe and big margin gains for 2013 for ralph lauren. >>> the post office could be eliminating or cutting back deliveries on saturday. we'll explain. they carry the official announcement at 10:00 a.m. this morning. >>> we start with disney. shares rising pre-market, set to open at all-time highs at fiscal fourth quarter profits beat the markets. growing attendance at the theme parks. real news came during bob iger's interview with our own julia boorstin. >> in fact, we are working on a few stand-alone films. larry kazden and simon ginberg are working on films derived on "star wars" characters that are not part of the ov
between 2 and 2.25 like it used to be bouncing between 1.75 and 2. it will just kind of keep doing th that. >> is it healthy -- is it healthy -- >> the interest rate spike will mean too much on the balance sheet. >> is it healthy that the only driver has been the federal reserve? >> that's it. decrease the quantitative easing. that's when we'll see the real spike. if interest rates go up to 2.25% because people are taking money out of equities and the economy is growing a little bit better, that's fine. it's when we start to see incremental tightening at the fed. >> we need some qe from the private sector. >> tightening from the fed? >> good luck on that. >> not getting it though, jeff. >> well, i know. >> they believe in what they are doing, and it hasn't helped the economy. >> we know we have somebody holding our hand so there's no point in doing it. until they step out of the way, there's nothing to trigger those animal spirits. >> great conversation. appreciate it. see you soon. >> meanwhile, legendary investor jim rogers is, now short a certain investment. we'll find out what that is,
uses his state of the union speech to urge congress to end the battle over the budget and work together to boost the u.s. economy and help the middle class. >> together we have cleared away the rubble of crisis. we can say with renewed confidence that the state of our union is strong. >>> there we go. >> who doesn't love to kick off a wednesday morning with the iea monthly oil report? >> they have lowered their oil demand growth expectations on weaker gdp forecasts. demand growth, 840,000 barrels a day in 2013. they've cut the forecast for opec crude to 29.8 million barrels a day. they say oil supply will hit a 12-month low in january. >> can we show crude and look at the reaction there? we'll take a look in one second. what else are they saying in this report? >> they say the non-opec supply will be rising. opec supply will be falling. non-opec supply is rising, one million barrels a day this year. then they talk about iran oil production hovering below the lowest in 30 years. new sanctions could see further declines in iranian output. they say the sanctions are costing around $40 bill
. call or visit us online. we're ready to help. learn more with our free usaa retirement guide. call 877-242-usaa. >> i'm jim cramer, and welcome to my world. you need to get in the game. firms are going to go out of business and he's nuts! they're nuts! they know nothing! i always like to say there's a bull market somewhere. "mad money," you can't afford to miss it. hey, i'm cramer. welcome to "mad money," welcome to cramerica. other people want to make friends, i'm just trying to make a little money. my job is not just to entertain you, but i'm doing teaching tonight. call me at 1-800-743-cnbc. earnings season. earnings season, i dread earnings season. why? because it is overwhelming with so many companies reporting at once and so much data being thrown at you. because it's hard to keep track of the expectations and really know what is better than expected. what the whisper, the real benchmark that must be beaten is. uh-uh. i had a really bad back and i can't stand carrying all those printed out versions of the conference calls as i schlepped from downtown manhattan where i do "squawk
today. courtney reagan will be joining us with a preview in just a few minutes. then we'll bring you walmart's quarterly results the second they hit the tape. along with complete analysis and reaction from the street and, of course, you can't talk about the consumer without talking about energy prices. and rising gasoline costs at the pump, we've been watching everything that happens with oil prices moving higher. yesterday they actually sold off, but that is not much relief to those who have been paying higher price e at the pump for the last month. joining us in the next hour, oil man boone pickens. so the economy is at the top of the hour. andrew will get you up to speed on the day's other headlines. >> hedge fund manager david einhorn is taking his apple campaign directly to shareholders. he's going to be hosting a conference call today to argue the merits of distributing hedging preferred stock which, of course, is what this big debate is about. einhorn is battling and seeking an injunction next week to abolish a system for issuing preferred stock. i got a letter overnight from
street or for the u.s. a main street brand. but they have this great digital fashion thing going on. it's a gimmicky partnership with google. you see these reports about google getting the lines between fashion and retail and tech are all blurring. >> they are, indeed. so on today's show, there's a -- here is another taster. in china, it's the first trading day market in the new year of the snake. so will it be new year old problems? up next from hong kong, we'll have the latest analysis. >> did you just slither? also, the final week of campaigning in italy ahead of the general elections. we will be live in milan throughout the morning for a roundup of the candidates policies and pit falls. julia will join us for that. >>> and hear state from the finance ministers. we have a roundup of the g-20 meeting in moscow. >> and london fashion week is under way and international expansion seems to be the latest trend. we'll hear from top designers who are putting their foot forward on the global runway. >>> first, standard & poors says it wants more time to gauge shinzo abe's rating policies. s&
, the market. we have assembled a trio of wall street's most respected voices to join us for the next hour. we have a lot to talk about this morning. plus, there is that issue of the lights going out at the super dole last night. officials say an abnormality in the power system triggered an automatic shutdown forcing backup systems to kick in. but they weren't sure what caused that initial problem. 34 minutes that the lights were out. brian shactman will join us in just a minute for the full story. this was a super bowl to remember for a lot of reasons, not the least of which the lights going out like that. let's get out to the headlines. the dow and the s&p 500 closing friday at their highest level since 2007. the major averages posting a fifth straight week of gains. u.s. equity futures this morning, you can see, are lighter, down by about 33 points for those dow futures. s&p futures are off by about 4 1/2. but, again, the dow above 14,000 for the first time since october 2007 on friday. oil analysts are saying that trading could be choppy in the energy markets today amid growing tensions in
will join us with the latest from power outages to grounded flights. then, of course, there is the topics of the markets. earnings season is winding down. only 53 s&p 500 companies set to report. one event to watch, janet yellen is scheduled to speak on the economy today and our guest host this hour will be the former managing director at pimco. he's currently the share of global societies of fellows. and also we have rebecca patterson. we've got a lot to did you discuss with them. before we do that, we're going to head over to michelle who has the morning headlines. >> thank you for that, andrew. usair and nmr are set to meet. boeing completed what it called a, quote, uneventful test flight of the 787 dream liner on saturday. it was the company's first test since the airlines were grounded more than three weeks ago. >>> carnival cruise ship in the gulf of mexico will need to be towed to port. carnival's triumph, as it was called, was heading back to galveston, texas, when the fire occurred. the ship's extinguishing system kicked in, no injuries were reported. >>> let's get over to ross w
korea says a miniaturize ed nuclear missile was tested. the u.s. ambassador to south korea responding to all of this. >> it's a very provocative act that undermines regional peace and stability and i think it would be critical for us to coordinate very closely with you and our colleagues in south korea going forward. >> we're going to talk more about washington's reaction and what this all means for geouncertainty and our guest hosts for this hour, jared bernstein who works as the chief economist for joe biden. tony is joining us and capital alpha markets managing director chuck gabriel. they're also going to talk state of the union. john harwood sat down with dave axlerod yesterday. he will join us. later we're going to be joined by valley jarrett, denny hoyer and jeb hensarling. and our corporate newsmaker of the morning, mutar kent, the coca-cola chairman and ceo set to talk earnings and outlook, that's all coming at 8:00 a.m. eastern. but first, michelle has this morning's headlines. michelle. >> yeah. the national transportation safety board investigating whether tiny fibers insi
along with joe kernen and andrew ross sorkin. we're watching the u.s. equity futures at this hour and right now it looks like there are some green arrows. you can see dow futures up by about 50 points in fair value. s&p up by just about 7. joe mentioned the oscars. he was very excited about this. if you went to bed early, here is a recap of the major winners. "argo"'s win as best picture marks the first time since "driving miss daisy" that a film won top prize without its director being nominated. ang lee was best director for "life of pi." three other wins for "life of pi" came for original score, sen ma effects and cinematography. >>> daniel day-lewis took home best actor for his role as lincoln. >>> the best actress went to jennifer lawrence for "silver lining's playbook." and best supporting actress was ann hathaway for les miserables. >>> randall stephenson will be joining us live in about ten minutes. the big news on his company today, gm is switching to at&t from verizon for on-star wireless service. that's beginning with the cars they make in 2015. >>> plus, we have a busy
here and joining us. as you said, it is a good day to here be here. we've been watching the u.s. equity futures because of all the actions yesterday. this morning, you did see a few green arrows, but no massive move at this point. the magic number is 14,164.53. that is the record closing high for the dow. it was reached back on october of 2007. the bulls -- a number of catalysts for monday's sharp sell down. some are calling this the bernanke bounce. the stocks soared after the two-day testimony on capitol hill. >> the evidence thus far is that the housing market is hit the bottom and is recovering. we've seen rising prices over the last year or so. we're seeing some significant increases in starts. and sales. foreclosures are still too high, but they're coming down. the number of people under water on their mortgages is coming down. so we're still far from where we would like to be. but the evidence is that the housing market is strengthening and that low mortgage rates are one reason for that strengthening. >> although a long period of low rates could encourage successful risk taking
viewers? >> you want to use the volatility to find the companies strong free cash flow. like the auto stocks, toyota, emerging markets have been relative underperformers year to nate. buy dong fang motor, make 3 million cars in china every year, a company you can own to play the catch up trade in the emerging markets. >> howard? >> i agree with what sarah said. apple has couldn't come up 4.7 times ebidta. apple is extremely cheap, the stock will be at $600 the next 18 months. buy it again. >> go back to 600. >> you care about all the proposition 2? >> yeah. >> i don't think it's critical >> i think it is a bit of a nuisance. this is a company that's made more money for shareholders in the last few years than the entire rest of the technology industry combined. give them a break. they didn't even have a dividend 12 months ago. >> right or wrong? >> i don't know if he's right or wrong. i think you have to give management a little bit more time. i think that we are going a little too hasty pushing them h i think they will do the right thing, return more cash to shareholders. no question
investors and ben white, chief economic correspondent at politico. also here with us is david joy. it's great to have all you guys here. phil, why has the rally stalled? >> well, we've gotten out of the gate in terrific shape here. the stock market, the s&p is up about 6% the first six weeks or so of the year. we've got a very constructive full year forecast of 1660 on the s&p, which would be a record high. but we didn't think we were going to go straight there. the reality is that we've had a terrific run. the markets are a little bit tired. you've got some washington-related news coming up over the next month or so. we would expect that this would be a perfect opportunity for, you know, a 3% to 5% pause. and i think we're starting to see that reflected -- >> up to 5% is almost the whole thing. >> well, look, a week from now, president obama is going to do his state of the union address, okay? typically the market doesn't respond well when the president talks. then we're going to start to get into some of the nitty-gritty, some of the spending issues. that would be a perfect opportun
you, appreciate it. that does it for us today. make sure you join us tomorrow. right now it's time for "squawk on the street." >>> good wednesday morning. welcome to "squawk on the street." i'm melissa lee, along with carl quintanilla and david faber. jim cramer is off this week. today we've got treasury secretary nominee jack lew heading to capitol hill. let's check on where we stand in terms of u.s. futures. it looks like we'll be building off of multi-year highs here in the u.s. the picture in europe, again, the sort of anti-race to the base movement going on. the euro is moving higher this morning. we see green arrows across the board. overnight in asia, japan's nikkei down by about a percent here. on heavy volume. the yen gaining there. our road map starts in washington, d.c. the president unveiling an ambitious agenda. he also called for billions to rebuild the nation's infrastructure. >> the dow is back above 14,000. only 1% away from an all-time interday high. the s&p also near its highest levels since november of 2007. what could help markets today? better than expected ea
. michelle caruso cabrera is there on scene. she's going to join us with more and what the means for carnival and the broader cruise industry overall. >>> we are tracking the markets this morning. a lot of excitement fueled in large part by deal activities. in the last few days aloep, we heard berkshire hathway is buying heinz for $3 billion. and comcast announcing a $16.7 deal to buy out ge's remaining stake in cnbc parent nbc universal. warn buffett on "squawk box" yesterday. >> i'm ready for on the another element. please, if you see any walking by, please call me. >> how much do you have on hand, cash deal? >> year en, we have about 47 billion of cash. but we always like to keep and we will keep around 20 billion. so you might say the excess cash at year-end was about $27 billion. >> we will talk more about animal spirits this morning. among our guests is sandra o'neal's jimmy dunn, robert caplan, cantor fitzgerald's bill nichols and former etrade ceo mitch caplin. plus, kelly evans will be joining us from some of the headlines out of that gathering. but the story out of russia this morni
much for joining us this morning. >> thank you. >> and thank you, everybody, for joining us this morning. enjoy that long weekend. we will see you back here on tuesday. right now, it's time for squawk on the street. >> welcome, live from the new york stock exchange. jim cramer is off today. the u.s. session here, we just had empire state manufacturing crossing, turning positive for the first time since july. we see futures hugging the flat line pretty much. the s&p with a bias towards the green. in europe, the d-20 meeting is underway in moscow. your mixed bag as we have spain in the negative. japan's nikkei, that's one that's notable, dropping as yen strengthen for the fourth straight session. hang seng is wup and kospi is flat. >> our road map begins with a valentine that carl ichichan. it's the latest sell in the battle of the billionaires as the shorts feel the squeeze. >> apple emerges as the battleground stock with the likes of einhorn and tsiros and low, getting out. >> they are off the boat. passengers on the carnival triumph finally disembarked in mobile, alabama, b
along with joe kernen and andrew ross sorkin. keeping an eye on the u.s. equity foourchs, well, after a couple of days of declines, dow futures are up significantly this morning. that's a gain of 50 points above fair value. the s&p 500 is opening up by about 6 points and this comes after two days of declines and a lot of questions about whether this rally has tapped out, at least for the moment. among the key market drivers this week, the fed and the conversation continues today. boston fed president eric rosengren and fed governor jerome powell will be speaking at a forum in new york. you don't have to wait until then to get inside scoop on the central bank. james bullard will be our special ges guest, with us starting at 7:00 a.m. eastern time, and this is huge given all the news from the fed this week and all the questions the market has been asking. the two-days of declines we've seen in the markets has pretty much all been blamed on the markets that we got a couple of days ago. we will talk to jim about everything that was happening inside the room and try to get his take to wher
'm not a participant per se, i'm just a spectator, and it's a fun sport. >> thank you. and thank you, michelle. join us tomorrow. "squawk on the street" is next right now. >>> congratulations to grammy winner fun and all the grammy winners from last night. welcome to "squawk on the street." i'm carl equipment a nil la with melissa lee, david faber here at the nyse. david cramer is off this week. a busy week it's going to be. europe this week, finance minister meeting from all of the eurozone talking about cypress and greece. as for asian markets, mostly closed as the chinese new year took place over the weekend. it is the year of the snake. our road map begins with a hat trick of news out of technology. dell shareholders balking at the buyout price. and apple testing a watch-like device. >> the s&p 500 is up for the first six weeks of the year. something that has not happened since 1971. a big week is ahead as carl mentioned with earnings from coke, cisco, gm, whole foods and michael kors. >> nemo, watch the impact on business, ford at least said it should not have a major impact on february sales. >>
will join us to talk business on and off the diamond coming up at 8:40 eastern time. >>> an interesting mix of topics in rotation today. first, let's get over to andrew with the top headlines. >> thanks. >>> boeing reportedly found a way to fix battery problems with its grounded 787. here's what's happening. involves increasing the space between cells in the battery. a source tells reuters the gaps between the cells were why there was overheating. we'll talk about that in a bit. >>> in other news on boeing, the company's engineers are split on a contract. the largest professional group approved the planemaker's latest contract offer. but members of a smaller technical union are rejecting it. both groups authorized the union to call a strike. the groups negotiate together. but the contracts are separate. so talks are set now to resume. and no work stoppage is expected. at least in the near term. >>> also in the news, the fbi says it's now looking into alleged insider trading in the options of heinz for its acquisition by berkshire hathaway and 3g capital. the sec filed suit against unknown t
. germany, close to 2% off and france over 2% and the ftse down materially. u.s. stocks to drop yesterday's session on that uncertainty in europe. stocks steadily declined throughout the day. and accelerated losses during the final hour. the dow and the s&p tuning in their worst days of the year. major asian markets also trading lower. exporters exposure to europe, they were hit particularly hard, as you'd expect. and u.s. equity futures at this hour, we have green arrows and things might turn themselves around today. fed chairman ben bernanke is going to be heading to capitol hill this morning for day one of his hemp free hawkins testimony. he's expected to defend the central bank's bond buying and likely one that automatic spending cuts pose risk. cnbc is going to have complete coverage all day. and our guest host this hour is ready to tackle all of these issues. >> this yesterday was -- thanks. we saw yesterday and you know he's not becky. you did say here with becky. he was sitting right there. he looks nothing like her. >> every morning when you say the same thing -- >> i know. andre
join us on monday. right now time for "squawk on the street." >>> good friday morning. welcome to "squawk on the street." i'm melissa lee, with scott wapner and james cramer. carl quintanilla is on assignment and david faber is in palo alto, california, getting ready for his big interview with meg whitman. it looks like a comeback. dow looking at 89 right at the open. look at the picture in europe. this is really being driven by those eco numbers, giving stocks a bounce. despite forecasts that the euro area economy will see back-to-back years of contraction for the first time. of course, now the focus turns to the weekend's italian elections. overnight in asia. shanghai is closing out its worst weekly loss in two years. nikkei managing to close higher. road map this morning starts with the markets. we' results from aig and upgrade for home depot helping stocks today, and hewlett-packard. >> hp is popping pre-market on the back of the earnings. sigh of relief for the investors as the company showed some progress with its turn-around. david will have the exclusive with meg whitma
. >>> in the u.s. quarterly report due from retailers like target, dollar tree, and tjx. plus, ben bernanke goes back to capitol hill. yesterday the markets rallied on what the fed chairman had to say with support of easy monetary policy. it's wednesday, february 27, 2013. we have one day or two days left in the month. "squawk box" begins right now. >>> you called me a dove. maybe in some respects i am. but on the other hand, my inflation record is the best of any federal reserve chairman in the post-war period or at least one of the best. about 2% average inflation. so we have worked on both sides of the mandate. and we're trying to achieve a stronger economy for everybody. >>> good morning, everyone, welcome to "squawk box" on this next to the last day of february. it is not a leap year this year. you know that, joe. friday is march 1. i'm becky quick along with joe kerner and andrew ross sorkin. we've been watching the u.s. equity futures. after triple-digit gains for the market yesterday, you see a little bit of a pullback this morning. dow futures down by 15 points. s&p futures off by 2.5 p
.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> i'd like to say there's a bull market somewhere. i promise to find it just for you. right here on "mad money." i'm jim cramer. and i will see you tomorrow. >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." the holy father pope benedict xvi announced he will abdicate at the end of this month. health concerns and his worry that he will not be able to adequately lead the world's catholics are the main reasons why. is this a lesson to the world's politicians and ceos? i say you bet it is. >>> also tonight, president obama's state of the union address tomorrow night supposed to be about improving the economy and saving jobs. but i'm hearing tax increases. do they have any faith in this white house? what are they worried about? and can the stock market rally continue if wa
, and central banks that are, back to your point, giving us all kinds of ammo. >> thank you. >> we've got to go. >>> "squawk on the street" begins right now. >>> it was a year ago that this vision you're looking at right here became reality. we're talking about our home at post 9. the first set on the floor of the new york stock exchange. back when the dow was about 1,000 points lower, ushering in a new era for cnbc, nyse and "squawk on the street." i'm carl quintanilla, with melissa lee and jim cramer here at the new york stock exchange. faber is off today. bernanke's on the hill again. durables were a miss. the cap x component was a blowout, the highest in a year. italy had a not bad ten-year auction. nikkei had a second straight day of loss, but otherwise mild gains in asia. >>> the day after the second triple-digit gain in three sessions, helped by the fed chairman's assurances that the qe is here to stay. he continues the second day of testimony at 10:00. we'll that live. >>> the agenda may look like a snoozer, but will shareholders demand answers of what apple will do with the cash. >>> t
to join us tomorrow. right now it's time for "squawk on the street." >>> all right. good morning. i'm david faber along with, yes, jim cramer and scott wapner here live from new york stock exchange. carl quintanilla and melissa lee, they're a little under the weather today. let's look at futures. the s&p looking like a positive implied open. dow jones also, after that nice rally on friday. there's a look as well at the nasdaq. as for europe and overnight in asia, there you go. there's the european markets opening all to the positive. quite a nice rally, in fact, in germany and france. and in spain as well. let's see how we did overnight in asia. you see there again, the global rally, if you will. it continues. let's continue by starting with our road map this morning with the markets as you saw futures pointing to a higher open. despite signs of weakness in china in manufacturing. we'll dig deeper into what is driving stocks. >> shares of barnes & noble are jumping this morning. the chairman making a bid for the business. >> lowe's numbers come in strong after getting a boost in sal
talked about using options as leverage, put those in into a stock once he gets through filings. he has himself in the position he is very comfortable with and to steve's point, discipline. one thing you can say about carl icahn, there are price levels he wants it buy and price levels where he will likely sell. he is not toward sell. >> dr. j, can you put into some sort of perspective for people watching now, what the large position of options tells you, most people think of the investments made by the kind of people we often talk about and the ones we are talking about as taking large traditional stock positions, in this case, options are highly involved? what does it all mean? >> first of all, scott. bill ackman is a great investor. but he made a rookie mistake. you take money off the table when you get that $20 drop that he got. that was foolish not to do it. carl icahn took advantage of that, buying it near the low. hundreds of thousands of shares below $26 a share according to the filing and he bought it all the way up. to your point about the option, may 107b8g, scott. put that on
? >> i got us a meat salad and a large drink, one straw so we could share. >> that's too big for new york city, that soda. >> this is sort of our valentine's day. i'm not here tomorrow to share it with you. >> i would love to take a swig of this. >> look, look! see that? >> now i know where your true affections lie! >> it's the other woman! it's the other woman! >> what is this? >> butter cup. >> a woman in every port, mel. >> and you ate half this, by the way. half is gone. >> happy valentine's out there. >> to everybody, a day in advance. >> a day early. >> which is the way to do it. >> don't go anywhere. "mad >> i'm jim cramer, welcome to my world. you need to get in the game. stearns are going to go out of business and he's nuts, they're nuts, they know nothing. i always like to say there is a bull market somewhere. "mad money," you can't afford to miss it. hey, i'm cramer. welcome to "mad money," welcome to cramerica. other people want to make friends, i'm trying to save you money. i'm teaching and coaching you. call me at 1-800-743-cnbc. of night i come out here and help you find hi
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